Sales in Italy: luxury properties
The interest in the Italian luxury real estate market by foreign investors has literally doubled, with an increase in demand of 52.4%.
They are particularly interested in investing in Italy the potential buyers coming from Saudi Arabia and the United Arab Emirates, including the Germans, the Americans, the British, the French, the Chinese and the Russians.
The luxury estate market in large cities and regions
The cities that most attract foreign investments are Milan, Rome, Venice and Florence, but the main tourist resorts such as the Costa Smeralda, the Amalfi Coast, Lake Como and Garda, the Chianti valley in Tuscany are also in great demand.
Rome with its charm lends itself in some areas to the purchase of valuable properties. The view over the Tiber, the Basilica of San Pietro, Piazza di Spagna or the Colosseum attract buyers. In fact they are oriented towards the prestigious and stately buildings located on the upper floors with a terrace, possibly panoramic and placed in condominium contexts.
The areas of central Florence are loved by foreigners and also by Italian families who are looking for types of prestige. Many foreigners use the house as a second home and go in search of details; for example, with a view of the square or with particularly prestigious finishes. The old houses that are located in the historic center close to the Duomo, Piazza Repubblica and Piazza della Signoria are characterized by high ceilings, statues and frescoes.
The Italian region with the highest number of listings of properties for sale is Tuscany, followed at a distance from Liguria and Lombardy. The top ten also include: Lazio, Sicily, Puglia, Sardinia, Veneto, Piedmont and Umbria.
The buyers of luxury properties are attracted above all by the location of the property, which characterizes its value.
Most of the properties for sale are in a quiet area or by the sea, 30%. The properties of medium-high level are respectively 51.76% in a quiet area and 46.47% in the seaside resorts, while those of high level exceed 15% in both cases.
There are also numerous properties in the city, which make up 22.89% of the total.
The properties near the lakes and in the mountains represent respectively 5.17% and 3.66% of the total.